Duos Technologies Q3 revenue soars 112%

Duos Technologies

12/11/2025 21:36

Overview

Duos Technologies Q3 revenue rises 112% yr/yr to $6.9 mln, driven by AMA with New APR

Net loss for Q3 2025 was $1.04 mln, a decrease from Q3 2024

Company raised over $50 mln to support growth, retired all debt

Outlook

Duos expects 2025 revenue between $28 mln and $30 mln

Company expects to recognize $12.4 mln from backlog in Q4 2025

Result Drivers

AMA WITH NEW APR - Significant revenue and gross margin improvements driven by AMA with New APR Energy

EDGE DATA CENTERS - Deployment of sixth Edge Data Center and partnership with FiberLight to expand connectivity

GROSS MARGIN IMPROVEMENT - Gross margin increased due to performance of AMA and 5% equity interest in New APR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Loss
-$1.04 mln
Q3 EBIT
Miss
-$1.10 mln
-$1.02 mln (2 Analysts)
Q3 Operating Expenses
$3.60 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Duos Technologies Group Inc is $11.50, about 16.1% above its November 11 closing price of $9.65

Press Release: ID:nGNXBfBxh

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)